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New York - The Real Deal

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Title: New York - The Real Deal

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Scotland’s capital city has hit pause on a plan to charge second-home owners an extravagant tax rate, delaying a policy the city pitched as a way to get more primary residences back on the market. The City of Edinburgh Council said it will suspend the 300 percent premium of the normal rate of council tax that began at the start of the month, instead issuing revised bills at twic...

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Houston-based Camden Property Trust is the latest domino to fall in the broader RealPage rent-fixing legal war. The landlord agreed last week to pay $53 million to resolve the claims it faces as part of a civil case involving the use of RealPage software, Bisnow reported. The settlement was disclosed in a Securities and Exchange Commission filing. Camden will pay the fine across...

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Michael Shvo picked up a win in his legal fight with the exclusive Core Club at 711 Fifth Avenue. A judge recently found the members-only venue in contempt of an order to check IDs of visitors in the lobby, Crain’s reported. The order was issued in December and Shvo asked the club to be held in contempt at a hearing last month. A lawyer for the developer asked the judge to fine ...

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A pair of townhouses topped Brooklyn’s luxury market last week.  In total, the borough saw 20 deals — seven condos, three co-ops, 10 single-family homes — for a total contract volume of $71 million, according to Compass’ weekly report for contracts signed on homes asking at least $2 million from April 6 to April 12. The previous week saw 26 deals signed for $79 million.&nbs...

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In the upside-down world of housing violations, city inspectors can flag a landlord for cracked paint and a broken tile while ignoring a dryer the tenant illegally connected to the gas line with a plastic pipe. Department of Housing Preservation and Development violations are a hot-button issue for the Mamdani administration, which points to them as proof of owners’ evilness. Bu...

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